Assume you are the president of the business club at your school. You are thinking about creating a fundraising project to generate money for next year's operations. Develop an outline of your ideas using the various stages of the management process
Note: Student answers will vary considerably; however, they should adequately cover the four stages of the management process. An example answer is given below.
Plan: Under strategic planning, you need to define the objective, i.e., how much needs to be raised. In addition, the target market needs to be identified-for example, students, faculty, businesses, or the community at large. The operating plan would then specify how to approach the target markets.
Perform: This would involve explaining the plan to the membership, getting volunteers to help, and performing the actual work, such as coordinating the mailings, staffing the donation booths, making phone calls, and visiting potential donors.
Evaluate: This would involve comparing actual performance to expected performance on a daily basis and making adjustments as needed.
Communicate: This would involve preparing and presenting a report on the results achieved to the membership.
You might also like to view...
Which of the following is an example of an employee benefit?
A. Education reimbursements B. Commissions C. Profit-sharing plans D. Bonuses E. Stock options
The owners of a manufacturing firm in Ohio have developed a core network of suppliers to ensure an uninterrupted supply of products. This is an example of ________
A) capability management B) a supply bottleneck C) asset management D) backsourcing E) supplier development
In calculating diluted earnings per share, which of the following should not be considered?
a. The weighted average number of common shares outstanding b. The amount of dividends declared on cumulative preferred shares c. The amount of cash dividends declared on common shares d. The number of common shares resulting from the assumed conversion of debentures outstanding
Which one of the following seven Cs of communication suggests that messages are most effective when they require the least effort on the part of receivers?
A. Context D. Capability of the audience B. Content E. Continuity and consistency C. Clarity of channels